Introduction To Human Resource Management
Introduction To Human Resource Management
Nature of HRM
1. 2. 3. 4. 5. 6. 7. 8. Inherent part of management Pervasive function People centered Personnel activities Continuous process Based on human relations approach Basic to all functional areas Multidisciplinary approach
Scope of HRM
1. Manpower planning 2. Employment function: recruitment, selection & placement 3. Training & development 4. Performance appraisal 5. Compensation 6. Social security, welfare & industrial relations 7. HR audit & accounting
Objectives of HRM
1. 2. 3. 4. 5. To procure right type of personnel To provide right type of training Effective utilisation of human resources To ensure development of human resource To identify & satisfy the need of individuals (monetary & non monetary rewards) 6. To ensure respect for human beings 7. To reconcile individual & organisational objectives 8. To help employees maintain high morale What are the requirements for attaining these objectives?
Functions of HRM
Managerial
Planning Organising Directing Controlling
Operative
Employment Training & development Remuneration Working conditions Motivation Personnel records Industrial relations Separation
Advisory
Advice to top management Advice to departmental heads
Importance of HRM for The Organisation 1. Attracting & retaining best people 2. Ensure person-job fit 3. Continuous enhancement of skills through T&D 4. Employee commitment & loyalty through welfare activities 5. Sound industrial relations 6. Ready acceptance of change
Importance for Society: 1. Balance between jobs seekers & jobs available 2. Socio-psychological satisfaction to people 3. Eliminates wasteful use of human resources 4. Status to employees in the society
Importance for Nation: Vital role in the growth, development & self sufficiency of a nation
Qualities of a HR Manager
1. Physical: health, vigour 2. Mental: judgement 3. Moral: dignity 4. Educational: peculiar to the function 5. Technical: peculiar to the function 6. Experience: arising from work
HRM As A Profession
Basis
A systematic body of knowledge Education & training Code of ethics Yes Yes Yes
Profession
Yes
HRM
Not Compulsory No
A prescribing association
Responsibility towards society
Yes
Yes
No
Yes
Feedback
HRM Policies
Definition: A Policy is multiple use plan, which guides in decision making and achieving organisational objectives. Features of a Policy: 1. Expression of intentions of top management 2. Based on objectives & consistent with it 3. Long lasting 4. Realistic 5. Developed with participation of all
Benefits of Policies
1. 2. 3. 4. 5. 6. 7. 8. Decision making Prompt action Consistency of action Continuity & stability Better control Eliminates bias Employee welfare Confidence in employees
Limitations of Policies
Bring about rigidity Do not cover unforeseen problems